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BOCC AGENDA ITEM
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Item Title: | HRA - Pre-Funding Agreement w/ PayFlex | Date: | 12/21/2022 | Department: | Human Resources |
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| | | | | | | | Background: | On September 7, 2022 Human Resources brought forward a recommendation from the Insurance Committee, for plan year 2023, which included the addition of a Health Reimbursement Account for those employees electing either the ACO2500, HNO1000 or OAMC1500 plan. This would provide a debit card for each eligible employee which would allow for for a one-time amount of $500 to assist in offsetting out-of-pocket expenses while using their medical plan.
At that meeting the BOCC approved the addition of the HRA for plan year 2023. | Request: | Approve and authorize the Chairman to sign Contract No. CM3291 with PayFlex which establishes a pre-funding agreement for the Health Reimbursement Account with Nassau County. | Financial/Economic Impact to Future Years Budgeting Process or Effect on Citizens: | The one-time funding of $500 per eligible employee is currently included in the approved 2022-2023 departmental budgets. | Action Requested and Recommendation: | Approve and authorize the Chairman to sign Contract No. CM3291 with PayFlex which establishes a pre-funding agreement for the Health Reimbursement Account with Nassau County. | Is this action consistent with the Nassau County Comprehensive Land Use Plan? | NA | Funding Source: | Currently budgeted in the 2022-2023 departmental budgets. |
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Additional Information Needed for Contracts/Agreements (If Applicable) | | Contract Number assigned by Contracts Management: | CM3291 | For non-governmental agencies, has the document been sent to the vendor for signature? | Yes, not yet received. | Does the document need to be recorded? If so, who will pay the recordation fee? | No | Are there any special mailing instructions? (Include contact name, address, deadline for submittal, how to mail such as express mail, FedEx, etc): | Please return a copy to Human Resources via Email is acceptable to Ashley Metz, ametz@nassaucountyfl.com. | How many originals are needed? | 1 |
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